As we approach the end of another eventful trading week, the S&P/ASX 200 Index (ASX: XJO) is up 0.2% since last Friday's close, with plenty of help from these three surging ASX 200 shares.
One is involved in drone defence technology.
One digs rare earths from the ground
And the third focuses on producing titanium products.
Which outperforming ASX 200 shares am I talking about?
I'm glad you asked!
Image source: Getty Images
ASX 200 shares racing higher this week
The first company racing ahead of the benchmark this week is DroneShield Ltd (ASX: DRO).
Shares in the drone defence company closed last Friday trading for $3.22. In afternoon trade today, shares are changing hands for $3.68 apiece.
That sees the ASX 200 share up 14.3% for the week. And it puts the DroneShield share price up an eye-popping 390.7% so far in 2025.
There was no fresh price-sensitive news out from the company this week. However, Monday marked the first day that DroneShield shares officially joined the ASX 200 Index.
Commenting on the inclusion in the benchmark Aussie index, DroneShield CEO Oleg Vornik said, "We believe this milestone will further enhance our visibility with institutional domestic and overseas investors and strengthen our platform for continued growth."
If this week's strong outperformance is any indication, Vornik looks to have gotten that right.
Moving on to the second ASX 200 share that's shooting the lights out this week, we have Lynas Rare Earths Ltd (ASX: LYC).
Shares in the rare earths miner closed last week trading for $14.63. At the time of writing, shares are trading for $16.84 each. This sees the Lynas share price up 15.1% for the week and 157.8% in 2025.
There was also no fresh price-sensitive news from Lynas this week. But the stock looks to be catching investor interest amid the West's ongoing pursuit to secure critical rare earths elements outside of China's control.
Which brings us to…
Leading the charge
The best-performing ASX 200 share on my list for this week is Iperionx Ltd (ASX: IPX).
Shares in the titanium products producer closed last Friday trading for $6.45. With just a few hours to go before today's closing bell, shares are changing hands for $7.76 apiece.
That puts the Iperionx share price up 20.3% over the week and sees shares up 41.0% in 2025.
Iperionx is up 6.9% in intraday trade today after the company reported that it has secured another US$25 million in funding from the United States Department of War. That brings its total US government funding awards to US$42.5 million.
